POWER METALS DEFINES WORLD-CLASS CESIUM RESULTS UP TO 18.13% AT CASE LAKE
HIGHLIGHTS
WEST JOE:
- PWM-24-177: 6.4 m at 1.43% Li2O, 5.95% Cs₂O and 311 ppm Ta from 21.9 m
- Including 3.7m @ 1.50 % Li2O, 10.40% Cs₂O and 355 ppm Ta from 24.0m
- Including 2.0m @ 2.00 % Li2O, 15.10% Cs₂O and 137 ppm Ta from 24.0m
- PWM-24-171: 9.8 m at 1.27% Li2O,1.30% Cs₂O and 149 ppm Ta from 9.8 m
- Including 2m @ 1.58 % Li2O, 5.60% Cs₂O and 266 ppm Ta from 12.0m
CASE LAKE MAIN:
- PWM-24-167: 13.3 m at 1.84% Li2O and 139 ppm Ta from 45.5 m
- PWM-24-168: 16.8 m at 1.01% Li2O and 93 ppm Ta from 32.9 m
- PWM-24-165: 10.3 m at 1.66% Li2O and 122 ppm Ta from 25.0 m
- PWM-24-164: 8.0 m at 1.81% Li2O and 152 ppm Ta from 22.0 m
- PWM-24-165: 7.5 m at 1.74% Li2O and 177 ppm Ta from 9.0 m
- PWM-24-168: 7.3 m at 1.1% Li2O and 105 ppm Ta from 5.6 m
- PWM-24-164: 6.3 m at 1.45% Li2O and 89 ppm Ta from 7.0 m
WINTER 2024 EXPLORATION DRILL PROGRAM
Exploration drilling for the winter 2024 program is now completed at
Haydn Daxter,
WEST JOE
The West Joe deposit is a unique, highly fractionated LCT pegmatite system that contains world-class high-grade cesium (Cs2O) mineralization hosted in pollucite (Figure 1). It is characterized by two stacked pegmatites that are up to 9 meters thick and contain high grade Lithium – Cesium – Tantalum mineralization, extending for 100 meters along strike and open down plunge. The deposit was discovered by
High-grade cesium mineralization at West Joe occurs at the far west end of a 10 km mineralization trend at
The first five exploration drill holes as reported in this announcement highlight the continuation of a world-class, high-grade cesium zone at West Joe with broad lower grade cesium mineralization along with narrow high grade cesium mineralization of close to pure pollucite. All holes have intercepted high-grade cesium mineralization in pollucite, and at a very shallow depth that will assist in growing the known mineralized zone to near surface projection.
Hole PWM-24-171 intersected 2-meters of 5.60% Cs₂O within 9.2 meters of LCT pegmatite that contains 1.27% Li₂O, 1.30% Cs₂O, and 149 ppm tantalum, extending mineralization up-plunge of drillholes PWM-22-147 and PWM-22-150 (Figure 2 and Table 1).
Hole PWM-24-177 intersected shallow high-grade cesium with 6.4 meters of 1.43% Li₂O, 5.95% Cs₂O, and 311 ppm tantalum, this included 3.7 meters of 10.4% Cs₂O from 24 meters. Within this high-grade zone cesium zone, we defined a 2.0-meter interval of 15.05% Cs₂O and a meter of 18.13% Cs₂O (Figure 3 and Table 1). Cesium grades this high have only been reported to date in the three known global deposits, Bakita*, Sinclair*, and Tanco. The consistent mineralization from the current and historical drilling at West Joe adds further weight to this developing into a world class deposit.
*These projects are currently not in operation.
CASE LAKE MAIN
LCT pegmatite mineralization at Case Main is represented as a stacked pegmatite system that is part of three main dykes, historically referred as South, Main, and North dykes (Figure 4). The LCT pegmatite system at Case Main is characterized by high-grade Lithium – Tantalum ± Cesium mineralization that is up to 35 meters thick and extends for more than 400 meters along strike. Mineralization continues to 100 meters vertical depth and remains open down plunge to the west and along strike to the east.
The Case Main pegmatites trend parallel to each other while striking at 245֯ and dip moderately between 50֯ - 70֯ to the north. The mineralization at Case Main and throughout
Drilling conducted at Case Main during the 2024 program (PWM-24-164 to PWM-24-170) delineated shallow high-grade lithium and tantalum mineralization characterized by coarse-graded spodumene in the Main and North dykes with up to 13.30m @ 1.84% Li₂O, PWM-24-167. In addition to this drilling intercepted the presence of several lower grade pegmatites with ore-grade tantalum in the South dyke and sporadic subordinate dykes that confirms the exploration potential for additional mineralization occurring in these dykes (Figure 5-6 and Table 1).
Table 1 – Summary of Assay Results in Drillholes Reported in this Press Release
Hole ID |
Easting |
Northing |
Elevation |
Hole Depth (m) |
Dip |
Azimuth NAD83 |
From (m) |
To (m) |
Significant Intersections |
|
||||||||
Interval (m) |
Li2O % |
Ta (ppm) |
Cs2O (%) |
|
||||||||||||||
|
|
|||||||||||||||||
PWM-24-164 |
578222 |
5431687 |
347 |
126 |
-45 |
147 |
7 |
13.3 |
6.3 |
1.45 |
89 |
0.02 |
|
|||||
including 5.00m @ 1.71 % Li2O & 64 ppm Ta from 7.0m |
|
|||||||||||||||||
22 |
30 |
8 |
1.81 |
152 |
0.01 |
|
||||||||||||
including 5.00m @ 2.43 % Li2O & 212 ppm Ta from 24.0m |
|
|||||||||||||||||
30 |
39.8 |
9.8 |
0.15 |
62 |
0.01 |
|
||||||||||||
76.4 |
79.6 |
3.2 |
0.04 |
181 |
0.01 |
|
||||||||||||
107.3 |
108.7 |
1.3 |
0.11 |
890 |
0.02 |
|
||||||||||||
PWM-24-165 |
578215 |
5431685 |
348 |
111 |
-45 |
147 |
9 |
16.5 |
7.5 |
1.74 |
177 |
0.01 |
|
|||||
including 5.00m @ 2.01 % Li2O & 188 ppm Ta from 10.0m |
|
|||||||||||||||||
25 |
35.3 |
10.3 |
1.66 |
122 |
0.01 |
|
||||||||||||
including 6.00m @ 2.31 % Li2O & 178 ppm Ta from 27.0m |
|
|||||||||||||||||
75.4 |
79 |
3.6 |
0.04 |
336 |
0.02 |
|
||||||||||||
PWM-24-166 |
578188 |
5431736 |
342 |
132 |
-45 |
147 |
55 |
60 |
5 |
0.04 |
116 |
0.01 |
|
|||||
65 |
75 |
10 |
0.08 |
142 |
0.02 |
|
||||||||||||
including 6.00m @ 175 ppm Ta from 68.0m |
|
|||||||||||||||||
100 |
103.36 |
3.06 |
0.21 |
104 |
0.01 |
|
||||||||||||
PWM-24-167 |
578144 |
5431689 |
344 |
135 |
-45 |
147 |
17.2 |
23.6 |
6.3 |
0.4 |
168 |
0.01 |
|
|||||
45.5 |
58.8 |
13.3 |
1.84 |
139 |
0.01 |
|
||||||||||||
including 8.00m @ 2.28 % Li2O & 175 ppm Ta from 46.5m |
|
|||||||||||||||||
67 |
72 |
5 |
0.17 |
94 |
0.02 |
|
||||||||||||
PWM-24-168 |
578142 |
5431669 |
345 |
123 |
-45 |
147 |
5.6 |
12.9 |
7.3 |
1.09 |
105 |
0.01 |
|
|||||
32.9 |
49.8 |
16.8 |
1.01 |
93 |
0.01 |
|
||||||||||||
including 6.00m @ 2.1 % Li2O & 144 ppm Ta from 34.0m |
|
|||||||||||||||||
59.1 |
63.7 |
4.5 |
0.61 |
130 |
0.01 |
|
||||||||||||
PWM-24-169 |
578310 |
5431684 |
345 |
201 |
-45 |
147 |
Pending assay results |
|
||||||||||
PWM-24-170 |
578312 |
5431649 |
347 |
141 |
-45 |
153 |
Pending assay results |
|
||||||||||
West Joe |
|
|||||||||||||||||
PWM-24-171 |
576318 |
5431109 |
346 |
72 |
-45 |
170 |
9.8 |
19 |
9.2 |
1.27 |
149 |
1.30 |
|
|||||
including 2.0m @ 1.58 % Li2O, 5.60% Cs₂O, & 266 ppm Ta from 12.0m |
|
|||||||||||||||||
PWM-24-172 |
576309 |
5431105 |
346 |
60 |
-45 |
170 |
12 |
13.7 |
1.7 |
1.39 |
155 |
0.90 |
|
|||||
PWM-24-173 |
576304 |
5431105 |
346 |
72 |
-45 |
170 |
6.05 |
13.64 |
7.6 |
1.27 |
239 |
0.2 |
|
|||||
PWM-24-174 |
576333 |
5431142 |
342 |
75 |
-45 |
170 |
32.55 |
40.88 |
8.3 |
0.7 |
424 |
0.3 |
|
|||||
including 2.6m @ 0.9 % Li2O, 0.8% Cs₂O , & 770 ppm Ta from 35.0m |
|
|||||||||||||||||
PWM-24-175 |
576343 |
5431133 |
344 |
72 |
-45 |
170 |
Pending assay results |
|
||||||||||
PWM-24-176 |
576343 |
5431133 |
344 |
100 |
-45 |
152 |
Pending assay results |
|
||||||||||
PWM-24-177 |
576311 |
5431126 |
344 |
72 |
-45 |
170 |
21.9 |
28.32 |
6.4 |
1.43 |
311 |
5.95 |
|
|||||
including 3.7m @ 1.5 % Li2O, 10.4% Cs₂O , & 355 ppm Ta from 24.0m |
|
|||||||||||||||||
with 2.0m @ 2.0 % Li2O, 15.1% Cs₂O , & 137 ppm Ta from 24.0m |
|
|||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
SPRING SHUTDOWN
The Company completed drilling and completely demobilized from
Prior to the shutdown the Company has also completed a series of metallurgical drill holes at West Joe in preparation for our next stages of exploration and project development across the
Sampling and QAQC Procedures
Samples were taken across every pegmatite and 1.5 meter into the barren host rock on either side of dykes. Sample lengths were around 1-metre NQ core diameter (48 mm), though individual sample length was determined based on internal zoning of the dykes and the locations of their contacts. The sampled core was cut in half with one half being sent for analysis and the other half remaining in the box for reference. All core is stored at
Actlabs and SGS Canada are independent of the Company.
Case
The Case
Pelletier Property
The Pelletier Property is located 50km south of
Decelles Property
The Decelles Property contains 669 claims, covering 38,404 hectares of LCT prospective ground near the mining centers of Val-dÓr and
Mazerac Property
The Mazerac Property is located approximately 30 km east of
Pollucite and Cesium
Pollucite is a rare mineral that hosts high grade cesium and is associated with highly fractionated, compact, and rare element pegmatites. The main source of cesium known globally is pollucite (Cs,Na)₂(Al₂Si₄O₁₂)•2H₂O, https://www.gov.mb.ca/iem/geo/industrial/pollucite.html. Currently the Tanco mine in
Scientific and Technical Disclosure
The scientific and technical disclosure included in this news release has been reviewed and approved by
ON BEHALF OF THE BOARD
Neither the
No securities regulatory authority has either approved or disapproved of the contents of this news release. The securities being offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "
Cautionary Note Regarding Forward-Looking Information
This press release contains forward-looking information based on current expectations, including the use of funds raised under the Offering. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions,
Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. These statements speak only as of the date of this press release. Actual results could differ materially from those currently anticipated due to several factors and risks including various risk factors discussed in the Company's disclosure documents which can be found under the Company's profile onwww.sedar.com.
This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The TSXV has neither reviewed nor approved the contents of this press release.
SOURCE